System is not calculating standard value projection till last working day of an employee
System is not calculating standard value projection till last working day of an employee.
Please see the below scenario
1. Employee's last working day '07-MAY-2014'.
2. Employee's APR-14 full month salary is to be released.
3. Employee's MAY-14 salary of 7 days to be pay.
When we run a quick pay for APR-14 for the release salary then system calculate the standard value projection up till '31-MAY-2014'. Due to that Income Tax is calculated on 2 months Income Salary instead of prorate basis. Because employee's last working day is '07-MAY-2014'.
Therefore, as per the case, system should consider the standard value projection for APR-14 full Income and MAY-14 only 7 days Income. Is it a system bug?